Impacts of Federal Tax Credit Extensions on Renewable Deployment and Power Sector Emissions

The National Renewable Energy Lab (NREL) has released a new report exploring the likely impacts of recently extended federal tax credits on the deployment of renewable generation and on CO2 emissions. The report uses scenario modeling to show how renewable energy deployment and CO2 emissions might change because of the tax credit extensions. It examines both a scenario with low natural gas prices and one with somewhat higher natural gas prices. In both cases, the report finds that the tax credit extensions can spur renewable capacity investments at least through the early 2020s, and can help lower CO2 emissions.

CESA hosted a webinar with the report’s lead author, Trieu Mai, to discuss the report’s findings. This presentation was followed by a Q&A with the audience.

Presenter

• Trieu Mai, Energy Engineer, Energy Forecasting and Modeling Group in the Strategic Energy Analysis Center, NREL